Happy Harry: re <So with all the good news including earnings, why are we tanking at such a pace?>
Good Q! Street attitude seems to have changed regarding high PE stocks. And most importantly, on CNBC last evening around 7 PM, the PDA was one of the subjects, and Jane Wells (I think) stated (like warned!) that these companies are high PE's, indicating PALM at 200 and RIMM over 1000!
This may all be true but when the viewer listens to her comments as provided, one can only come away with a perception that these stocks (HAND, RIMM, and PALM, as mentioned) are over priced....further, MSFT pocket pc was mentioned along with CPQ using the MSFT pda os as major competitors... but another person indicated that PALM was indeed currently ahead of MSFT in PDA sales!
Bottom line, I thought the PDA feature as reported did not present an accurate current and future growth picture of PALM pda situation and why it may be trading at a high PE.
I also heard another comment in response to a question by a caller made during the day (by a featured person on buy, sell, or hold)...his comment to the caller asking about PALM was, "Buy the gadget but not the stock", again, due to a high PE!
Hopefully, PALM will come through and continue to demand a high PE. I'm not so confidant about Hand or RIMM due to my perception of them as a more commodity driven type company.
All this in IMHO!
Hope the conference helps. Still hanging in with PALM.
fns |
